The bolstering demand for automation by healthcare and manufacturing sectors drives the growth of Turkey Artificial Intelligence Market in the upcoming five years.
According to TechSci report on, “Turkey Artificial Intelligence Market- By Region, Competition Forecast & Opportunities, 2027” Turkey artificial intelligence market is projected to expand with a massive CAGR over the estimated period of 2023-2027, owing to the rapid digital transformation in various industries. The proliferating need for artificial intelligence in several sectors such as healthcare, BFSI, education, retail, logistics, and small and medium-scale enterprises is primarily driving product demand in the country. In addition to this, the increasing demand for intelligent systems to improve productivity and efficiency is further propelling the demand for artificial intelligence solutions. Besides this, the ongoing technological advancements in the AI industry that facilitates faster speech and smooth natural language processing are also creating a positive impact on the Turkey artificial intelligence market. This, along with the industry 4.0 revolution and rising digital dependence is anticipated to offer lucrative opportunities for the expansion of artificial intelligence across Turkey over the projected period. Moreover, the growing deployment of artificial intelligence technology in the exponentially growing pharmaceutical sector in the country is providing a thrust to the market. The biopharmaceutical manufacturers are rapidly integrating AI technology in several activities like research and development, clinical trials, and drug discovery, which is eventually boosting the demand for artificial intelligence technology in the country.
Apart from this, Turkey’s information technology is anticipated to be one of the largest emerging markets in the upcoming five years. This along with the extensive investments by several tech giants in advancing and upgrading their AI technology. The increasing efforts by the tech giants is expected to augment the Turkey artificial intelligence market during the forecasted period.
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The Turkey artificial intelligence market is segmented by offering, technology, deployment mode, function, organization size, industry vertical, competitional landscape, and regional distribution. Based on offering, the market is bifurcated into hardware, software, and services, among which software is expected to hold the largest market share during the forecast period due to its capability of offering real-time data, extracting data, and helping informed decision making. By technology, the market is differentiated into machine learning and natural language. Based on the deployment model, the market is fragmented into on-premises and cloud among which cloud is expected to hold a considerable market share due to the proliferating demand for cloud-based tools, cloud storage, and vitalization. Based on the function, the market is segmented into human resources, marketing & sales, product/service deployment, supply chain management, and others.
Product and service deployment is anticipated to dominate the market during the projected period as this technology allows organizations to deliver enhanced products and improved customer experience. Based on the organizational size the market is divided into large enterprises, and small & medium enterprises. Based on the industry vertical the Turkey artificial intelligence market is segmented into IT and telecommunication, retail and e-commerce, BFSI, healthcare, manufacturing, automotive, and others. The healthcare segment is anticipated to grow with the highest CAGR due to the rapid implementation of AI-backed solutions and medical devices to smoothen and boost patient care. The market analysis also studies the regional segmentation to devise regional market segmentation, divided among Marmara Region, Central Anatolia, Aegean Region, Mediterranean Region, Black Sea Region, South-Eastern Anatolia Region, and Eastern Anatolia Region.
A partial list of major market players of the Turkey artificial intelligence market includes
- Google Inc.
- Microsoft Corporation
- IBM Corporation
- Amazon Web Services
- Salesforce Inc.
- Huawei Technologies Co. Ltd
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“Turkey is laying out a map for implementing its strategic decisions in the field of artificial intelligence to meet digitalization goals. For this, a Presidential Circular on the National Artificial Intelligence Strategy for the years 2021-2025 is issued recently in the official Gazette. The Presidential Circular has stated necessary steps to realize Turkey’s “Digital Turkey” and “National Technology Move” visions. Digital Turkey targets for a globally competitive landscape by facilitating increased productivity using advanced and upgraded digital technologies such as AI and several other products and services in its public, economic, and social, activities. As a result, the Turkey artificial intelligence market portrays lucrative investment opportunities and growth for the existing as well as new market players,” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“Turkey Artificial Intelligence Market By Offering (Hardware, Software, Services), By Technology (Machine Learning, Natural Language Processing), By Deployment Mode (On-Premises, Cloud), By Function (Human Resources, Marketing & Sales, Product/Service Deployment, Supply Chain Management, Others), By Organization Size (Large Enterprises, Small & Medium Enterprises), By Industry Vertical (IT and Telecommunication, Retail and E-Commerce, BFSI, Healthcare, Manufacturing, Automotive, and Others), By Region, Competition Forecast & Opportunities, 2027 has evaluated the future growth potential of Turkey artificial intelligence market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Turkey Artificial Intelligence Market.
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